The U.S. economic outlook grew dimmer in September, leading businesses to be wary of spending and of building up inventories ahead of the holiday sales season, the Federal Reserve said on Wednesday.
Citigroup Inc will pay $285 million to settle charges that its U.S. broker-dealer unit misled investors about a $1 billion mortgage bond deal, the U.S. Securities and Exchange Commission said on Wednesday.
CHATTANOOGA, Tennessee The U.S. economy is unlikely to slip back into recession, and an improvement in recent indicators has been encouraging, Atlanta Federal Reserve Bank President Dennis Lockhart said on Tuesday.
Confidence among home builders is up in October, although most still rate the market as poor.
Officials and big banks are working on a plan that would make refinancing available to some borrowers whose houses are worth less than their loans, so long as they are current on mortgage payments, the Wall Street Journal reported.
With his wife still working and the couple’s finances under control, Davey figures that he has the ideal plan in place. All that remains is to land a part-time job with another library to put the icing on the cake. But after submitting close to 20 resumes, Davey hasn’t fielded a single interview.
The U.S. wireless industry is rolling out more consumer-friendly billing practices, fending off a plan by communications regulators to impose new rules against unexpected charges.
Bill Gross, manager of the world's largest bond fund, apologized to his investors late Friday for his poor performance, saying, I'm just having a bad year.
Harrisburg Bankruptcy Shows Borrowers No Longer Willing To Be Shamed Into Surrender
An employment report that was better than market expectations helped to lift long-term Treasury bond yields and mortgage rates as well, Frank Nothaft, vice president and chief economist for Freddie Mac, said in a statement.
Canadian housing starts jumped much more than expected in September, helped by a surge in the condominium sector, suggesting Canada's property boom stayed intact last month and should help the economy avert recession.
The bank, whose shares had plunged 42 percent last week, was poised to go bankrupt, a fatality of the Eurozone crisis.
Franco-Belgian bank Dexia agreed early on Monday to the nationalization of its Belgian banking division and secured 90 billion euros ($121 billion) in state guarantees in a rescue that could pressure other euro zone governments to strengthen their banks.
Growing protests targeting Wall Street and U.S. economic inequality spawned heated rhetoric among politicians on Sunday as organizers planned more demonstrations this week.
Incredibly, U.S. home mortgage rates continue to trend lower -- the average 30-year, fixed rate is now 4.07 percent, and they could drop even lower. Still, given soft home prices, jumping into the housing market is hardly a slam-dunk no-brainer, and here are five factors to consider before buying a home.
Canada churned out a stunning 60,900 jobs in September, once again outshining the United States with an economy that is humming along even as other rich nations struggle with debt and slumping confidence.
Mortgage Rates Reach An All-Time Low: A Financial Tragedy
The average 30-year fixed mortgage rate fell below 4 percent for the first time in history to 3.94 percent.
Thousands of anti-Wall Street demonstrators converged on New York's financial district on Wednesday, their ranks swelled by nurses, transit workers and other union members joining the protest over economic inequality and the power of U.S. financial institutions.
Consumer advocate and former Obama administration official Elizabeth Warren got into the nitty-gritty of campaigning for the U.S. Senate in Massachusetts on Tuesday, facing off in her first political debate.
The authors are Reuters Breakingviews columnists. The opinions expressed are their own.
The opinions expressed are his own.Pop quiz: What’s so bad about the financialization of the U.S. economy over recent decades?
